Opec

October 4, 1985|By Deanne Brandon

DISCORD. Saudi Arabia confirmed Thursday that it is offering its oil at discount prices. More: Ecuador's representative to OPEC's meeting in Vienna, Austria, walked out, saying the Latin American nation is considering whether to remain in the Organization of Petroleum Exporting Countries. Ecuador is protesting OPEC's refusal to grant the country's request to increase production. An OPEC source said there was a consensus among members that they could not prevent oil prices from falling at least $2 a barrel, to about $26, over the next six months.